NuLegacy Gold Completes Initial Public Offering and Seeks Approval for Trading on TSXV

December 6, 2010

December 6, 2010 Reno, NV - NuLegacy Gold Corporation (NUG:V) reports that it has completed its initial public offering (the "IPO") and has filed for final approval to begin trading on the TSX Venture Exchange (the "Exchange") under the symbol NUG.

With Haywood Securities Inc. ("Haywood") as agent, the IPO of 4,000,000 units (the 'Units") at C$ 0.25 per Unit was over-subscribed and the 15% over-allotment option exercised in full. In total, we issued 4,600,000 Units at $0.25 per Unit for gross proceeds of $1,150,000. Each Unit consisted of one common share and one full warrant to purchase an additional common share at $0.35 for a period of 12 months. A cash commission of 8%, 200,000 corporate finance fee shares and agent's warrants to purchase up to 460,000 common shares of the Company at a price of $0.25 per share for a period of 18 months has been paid to, among others, Haywood. The net proceeds from the IPO will be used towards next year's exploration programs and for general operating purposes.

Application has been made to the Exchange for trading under the symbol NUG and approval is anticipated in the next several days, subject to the fulfillment of all of the requirements of the Exchange. The Company's website will be operational once trading has been approved.NuLegacy Gold Corporation is a Nevada focused gold exploration company. It is financed and operated by a management and corporate governance team that have successfully identified, discovered and developed numerous gold resources. The Company has under option the Red Hill Prospect in the well established and prolific Cortez gold trend and the Wood Hills South Prospect in the emerging Pequop gold trend. Our objective is to discover significant multi-million ounce gold deposits utilizing highly focused exploration programs employing sophisticated techniques for targeting the follow-up drilling to previous exploration successes.

On Behalf Of The Board Of Directors Of NuLegacy Gold Corporation

Albert J. Matter, Chief Executive Officer

For further information please phone 604-638-4959 or contact Albert Matter at albert@nuggold.com or Roger Steininger, COO at roger@nuggold.com; or visit our website at www.NuLegacygold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. See the cautionary statement "Forward-Looking Statements" and "Risk Factors" in the Company's prospectus dated November 10, 2010 available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the Company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The technical disclosure in this press release has been reviewed by Dr. Roger Steininger, the Chief Operating Officer of the Company and a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.